RBI Syncs Financial Year with the Fiscal Year
News: The Reserve Bank of India (RBI) decided to will align its financial accounting year with that of the central government’s fiscal year with effect from 2020-21 Facts: Fiscal year: …
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India becomes 5th largest economy, overtakes UK, France:Report
News:According to a US-based think tank World Population Review,India has emerged as the world’s fifth largest economy by overtaking the UK and France in 2019. Facts: Key takeaways from the …
Read MoreMoody’s slashes India’s 2020 growth projection
News:Moody’s Investor Service has released its Global Macro Outlook Report. Facts: Key takeaways from the report: Revised India’s growth forecasts to 5.4% for 2020 and 5.8% for 2021, down from …
Read MoreMCA rolls out web form SPICe+ for incorporation of companies
News:The Ministry of Corporate Affairs(MCA) has launched a new web form called SPICe+ for incorporation of companies. Facts: About SPICe+: SPICe+ (Simplified Proforma for Incorporating a Company Electronically plus) is …
Read MoreMaharashtra loses top slot as attractive investment destination to Andhra in FY’19: RBI study
News: Reserve Bank of India has released the data on the top attractive investment destination states. Facts: Key Highlights from the study: In 2018-19,Andhra Pradesh accounted for the highest share …
Read MoreDebts Recovery Tribunals(DRT)
News:Recently,the Union Cabinet has given its nod for amendment of the Direct Tax Vivad se Vishwas Bill, 2020 so that its scope can be widened to cover litigation pending in …
Read MoreRBI planning umbrella entities for retail payment systems
News:The Reserve Bank of India(RBI) has released a draft framework for authorisation of a pan-India New Umbrella Entity(NUE) for Retail Payment Systems. Facts: About New Umbrella Entity(NUE): The new pan-India …
Read MoreUnion Cabinet clears Bill to regulate pesticide business
News: The Union Cabinet has approved the Pesticides Management Bill, 2020. It seeks to replace the existing Insecticides Act of 1968 Facts: About Pesticides Management Bill, 2020 Aim: To protect …
Read MoreRBI issues notification on CRR leeway for new retail, MSME loans
News:RBI has exempted banks from maintaining cash reserve ratio(CRR) for loans to retail and micro, small and medium enterprises for five years if these loans are extended between January 31 …
Read MoreRBI to release Digital Payment Index by July 2020
News:The Reserve Bank of India announced that it will create a Digital Payment Index by July 2020. Facts: About the Index: Aim:To capture the extent of digitization of monetary payments …
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